Summit Trail Advisors LLC Has $521,000 Position in Arrow Electronics, Inc. (NYSE:ARW)

Summit Trail Advisors LLC boosted its holdings in Arrow Electronics, Inc. (NYSE:ARW) by 2.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,925 shares of the technology company’s stock after buying an additional 108 shares during the period. Summit Trail Advisors LLC’s holdings in Arrow Electronics were worth $521,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Fifth Third Bancorp increased its stake in Arrow Electronics by 0.3% in the second quarter. Fifth Third Bancorp now owns 28,325 shares of the technology company’s stock valued at $3,421,000 after purchasing an additional 82 shares in the last quarter. Two Point Capital Management Inc. increased its stake in Arrow Electronics by 0.4% in the second quarter. Two Point Capital Management Inc. now owns 21,584 shares of the technology company’s stock valued at $2,606,000 after purchasing an additional 95 shares in the last quarter. SummerHaven Investment Management LLC increased its stake in Arrow Electronics by 2.3% in the second quarter. SummerHaven Investment Management LLC now owns 5,184 shares of the technology company’s stock valued at $626,000 after purchasing an additional 117 shares in the last quarter. Meixler Investment Management Ltd. increased its stake in Arrow Electronics by 7.7% in the second quarter. Meixler Investment Management Ltd. now owns 1,716 shares of the technology company’s stock valued at $207,000 after purchasing an additional 122 shares in the last quarter. Finally, Creative Planning increased its stake in Arrow Electronics by 1.1% in the third quarter. Creative Planning now owns 11,189 shares of the technology company’s stock valued at $1,486,000 after purchasing an additional 123 shares in the last quarter. Institutional investors own 99.34% of the company’s stock.

Arrow Electronics Stock Performance

Shares of ARW stock opened at $120.87 on Wednesday. Arrow Electronics, Inc. has a 12 month low of $108.51 and a 12 month high of $137.80. The company’s fifty day simple moving average is $127.63 and its 200-day simple moving average is $127.32. The firm has a market cap of $6.36 billion, a PE ratio of 13.49 and a beta of 1.27. The company has a quick ratio of 1.09, a current ratio of 1.46 and a debt-to-equity ratio of 0.39.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings data on Thursday, October 31st. The technology company reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.15. The company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.73 billion. Arrow Electronics had a return on equity of 10.71% and a net margin of 1.71%. Arrow Electronics’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same quarter last year, the company earned $4.14 EPS. Equities research analysts expect that Arrow Electronics, Inc. will post 10.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on ARW. Wells Fargo & Company upped their target price on shares of Arrow Electronics from $100.00 to $110.00 and gave the company an “underweight” rating in a research note on Friday, August 2nd. Truist Financial cut their price objective on shares of Arrow Electronics from $141.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, November 1st. Finally, Raymond James dropped their price target on Arrow Electronics from $140.00 to $135.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Arrow Electronics has a consensus rating of “Hold” and a consensus price target of $124.25.

Arrow Electronics Company Profile

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.